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expensive for me. >> reporter: he said mr. obama broke promises to cut the deficit and save medicare. >> he is shrinking from the magnitude of the times. >> you got these guys. >> reporter: and both sides are wary of the impact on polling locations. if prolonged power outages or storm damage prevent voters from casting their ballots, especially in states where early voting is already under way. president obama has adjusted his schedule to stay out of sandy's path. he's flying to florida half a day early tomorrow, and he's getting regular updates from his staff. and, margaret, i wouldn't be surprised if we see more changes to his schedule as the week goes on depending on the severity of the storm. glerg nancy cordes in washington, thank you. overseas now, indonesian police have arrested 11 people suspects of planning attacks on the u.s. embassy and other american and international targets. the suspects were arrested in jakarta and three other provinces on the island of java. police seized live bombs, explosive materials, and a bomb-making manual. the leader of al qaeda is calling on supporte
addresses the deficit and the need for revenues. let's leave that problem off the table and talk about the job situation. i like what romney wantso do, the code has a lot of deductions that shouldn'te there, we should just lower rates and get at them. and in fixing that, if you pay 25%, and then you get deduct the mortgage or don't get to deduct the mortgage and pay 20%. if you're net-net not getting taxed any more, i don't see how that's actually going to lead to more spending and i tell you a little dangerous in the short run, the housing market is still-- and to pull out major deductions the home mortgage deduction being one of them. he didn't say he was going to do that, if it didn't do that, but makes the budget work. >> brenda: i know, the tax code is like war and peace. overhauling it, will that help get jocks. >> like you've read that. >> not immediately, but look, we've got the most sophisticated tax code in the entire world, makes us uncompetitive and the u.s. falls on a competitive basis and a lot of reason is the tax code. what it's done, it's made small businesses at a big
was to control government and control out of control deficit spending. >> what about 2016? >> nobody knows what happens to a week from tuesday. we will see what happens a week from tuesday. my primary purpose is going around the country campaigning for governor romney. i hope governor romney wins a week from tuesday. >> susan ferrechio. >> another component is the senate. you need four seats for republicans to take control. it looks as if things were going -- looked as if things were going in favor of the republicans for a while. there were some sleep -- there were some controversial statements tea party republicans have made. the tea party is tracking down the republican efforts to take over the senate. we have todd akin in missouri and richard mourdock in indiana. those seats were looking in favor of republicans and now are less so. can you talk about where you think the tea party has struggled to get republicans elected. are they a drag on the ticket as some people are saying? >> those who think the tea party is a drag on the ticket are not paying attention at all. if you look around the uni
energy. reducing the deficits by cutting where we can and asking the wealthy to pay a little more and ending the war in afghanistan so we can do nation building here at home. that's the right path. so, read my plan. compare it to governor romney's and decide which is better for you. >> the ad and the plan called a new economic patriotism has a fact about a second term for president obama. almost immediately after the election, the president will be confronted with a political crisis, the fiscal cliff, the bush tax cuts combined with $1.2 trillion in cuts mandated by last year's debt ceiling deal. the plan doesn't tell us about how to navigate the political terrain. he was more forthcoming with the register in iowa. we'll talk about it in a sec. elise is back with us at the table. first of all, the plan thing. the plan thing always polls well particularly with undecided voters. if you ask them what they want, they want a plan. romney has a plan. he's been talking act what he's going to do. he's loose on details. he's been talking commitments. barack obama has a four-year record and
technology. because we've had to balance massive budget deficits for years, i reform, now requiring multi-year planning, financial1 and savings. to make government more accountable i passed new ethics rules demanding more disclosure by lobbyists and to protect ourt fkétuák creating new green jobsn the process. now, i am proud of whatcgçd wee accomplished together over the past four years, but-2z i do hae opp trying to stop us from moving our neighborhoods forward,#lx$s fighting the north beach library, opposing proota opposig will help the won playground in chinatown. we know how important this election is. neighborhood forward by focusing based politics. now i may not easily fit@óq defined political fashions but i measure my(fz impact by how we e improving people's lives. my values have been strong and consistent.g4g&c @&c"piçg san franciscans first, fighting for our neighborhoods, for ouréu families, for our jobs, so that our city is affordable and open to all.ráhrj why i've ru¿q" evey major endorsement in this race, from the the san francisco democratic pae dianne feinstein a
but the result of budget deficits across the board and i think they have born the massive bruntd of this within the technology world. >> i agree. >> finding number four -- the finding we were asking to react to. another consequence of dt for departments and participate in city wide initiatives and give up operational independence and for this i state that i agree. because other departments haven't had full faith in dt and not willing to give up operational independence. >> i would agree with that and i think that talks about the structural things we were talking about and structural issues and i look forward to the dialogue going forward and i think there are changes to be made here. >> number five and coit policies and changes and not communicated effectively to the mayor and coit and for this i would -- actually i think i partially agree. i would say partially disagree and i state while coit policies and city wide initiatives are communicated clearly there is no follow up or deadlines to carry out policies and initiatives. number six. this was set by an administrative code change i lghtde
with the unemployment stuck at 8% and trillion dollars deficits? i think the viewers would like to hear why it is you are supporting president obama. hochul: first, my answer to this, unlike you, chris, i don't believe either party has all the right answers. i won't say in congress i only support one party. there are concepts and policies i support with president obama like standing with the middle-class but i voted for middle-class tax cuts so they are no longer held hostage. you're willing to join majority and hold him hostage and not giving it should assurance. i want him to have that i want a farm bill passed so our farmers now delayed olympic i want to stand with our seniors and make sure that we don't balance the budget on their backs and break the promise to medicare we had to i believe mitt romney has ideas as well. i'm not so my way or the highway that i can't look at people objectively and go with what i think is best to every issue that comes before me, my question will be, what's best for this district. that's how i've operated and i continued to do so as a member of congress next year. >
the biggest contributors to u.s. deficits. americans agree that government spending has to be cut, but the question is -- how? the focal point senior center is just around the corner from coral k. it offers services to the elderly. for example, on this monday, they can receive health advice from an expert. and then, they can join in the fund and bowl with a wii game console. members of the center pay annual dues of just $5. the rest of the center's funds comes from donations and public money. many here are concerned about the future. this man says romney does not understand the need. >> he wants to take away too much because he thinks they are all too lazy. may be some are, but there's a lot of people out there that need the assistance. i do not trust the man. he could be a very nice person as an individual, but as far as the government, no. >> opinion polls in florida are as close as the body games in coral k -- the bocci games in coral cay. many wealthy are not concerned about their benefits but are instead word about the economy. >> obama has had four years and really has not c
it into deficit by imposing the bush tax cuts that were temporary, including millionaires. what governor romney is proposing -- let's return to those policies, the eight years of george bush. and continue to give tax breaks to the wealthy. loudoun responded in 2008. also when president obama took office in january of 2009, we were losing over 700,000 jobs a month. 700,000 jobs a month we were losing when george bush left office and president barack obama came into office. we will hear tomorrow the new jobs report, we are creating over 100,000 jobs. 5.2 million new jobs during this barack obama president's see, under 8% unemployment rate -- during this barack obama presidency. 32 months of the private sector job growth. you compare that to where we were when bush left office and the president took office. that is a remarkable improvement. that is the pathway to recovery , and president obama has been leading that. this is no time to change course and go back to -- we don't know what we will be getting with governor romney. he was governor of massachusetts. rounding achievement was mandatory heal
's budget deficit. >>> taking action and demanding answers. the national nonprofit group is speaking out after an nbc bay area investigation. on tuesday, nbc exposed schools not complying with title ix. jenna joins us with the new developments. >> reporter: equal rights advocates call the results of our investigation shocking and disturbing. the national nonprofit is questioning more than 100 school districts in the bay area about their title ix policies. here's why. we uncovered an array of problems. principals who didn't know who the title ix coordinator was. others who were the coordinator but didn't know it. and educators who had no idea what title ix is. now, they're asking districts showing documentation showing their compliance. proof that schools have procedures and policies in place to protect students from sexual harassment. >> i was shocked by some of the responses that were revealed in the report. our public information requests are what schools should be doing. otherwise, the e-mails you saw would be more pervasive. >> reporter: the nonprofit is hoping to identify gaps in co
term america created 23 million new jobs and incomes were up and poverty was down and our deficit became the biggest surplus in history. so, our ideas were tried and tested and they worked. their ideas were also tried and they didn't workout so well. remember, in the eight years after bill clinton left office they tried this top down economics, they tried this you're on your own economics. we tried giving big tax cuts to the wealtheist americans, we tried giving insurance companies and oil companies big wall street banks free license to do whatever they pleased. we tried it, and what did we get? we got falling incomes, record deficits, the slowest job growth in after a century and we ended up with a economic crisis that we've been cleaning up after ever since. [cheers and applause] >> so we tried our ideas, they worked. we tried their ideas, didn't work. now, governor romney, he's a very gifted salesman, so he's been trying in this campaign as hard as he can to repackage these ideas that didn't work, the very same policies that did not work, and he's trying to pretend that they ar
-partisan president but he's been the most partisan, dividing and demonizing. he said he would cut the deficit in half. he's doubled it. he said he would focus on jobs, instead he focused on obama care that kills job and said he'd bring health insurance down $2,500 a year, the cost of it for an average family. anybody here have their insurance go down 2,500? >> no. >> as a matter of fact, the average is up $3,000 per family. look, the president said that he would work across the aisle, he would meet regularly with leaders in the republican party. do you know how long it's been since he's met with the republican leader of the house or the senate on jobs or the economy or the deficit, since july he hasn't met with him. look, he just has not been able to deliver on the promises he's made. talk is cheap. a record is real and takes hard work, and he has not been able to accomplish it, and i actually have a record of accomplishment and that's why i'm running. as you know, i started a business. i actually helped turn around another business and helped turn around the olympics and you may have heard i was gov
a -- >> deficit in two months, if we have a divided senate, it's the popular vote goes for governor romney and the president's reelected, who knows what will happen? >> gregg: the city will -- >> after this campaign, with doug and i have written about, after tearing the country apart in divide and conquer, the republican willingness to work with him is not high. >> he said this before which is important, is if we had that split ballot, in other words, they vote popular vote for romney, electoral vote puts obama over the top, or vice verse is a, doug is very smart about it. that this is going to delegit maze the winner. >> 40% of the people in -- >> we could have an election here where everybody agrees on the counting of the votes, unlike 2000, but had the system delegit maze with a fair vote. >> you're going to hear so much screaming and yelling about fraud. i'm going to tell you, if you have that outcome, second time around, 40% didn't believe the president was legitimate. >> gregg: we'll wait and see what happens on tuesday. i would guess ask you for your pre dicks burks i'm told you wil
this deficit -- could crush the future generations. and republicans and democrats both love america but we need to have leadership -- leadership in washington that will actually bring people together and get the job done and could not care less if it's a repulican or a democrat. i've done it before, i'll do it aga a. i'm mitt romney, and i approve this message. >>> when rg3 magic was short today. washington lost to the steelers by two touchdowns. he wasn't that bad throw with 177 yards at a touchdown and defense offense and special teams the skins dropped the ball literally. >> it can be summed up in two words missed opportunity. >> you better catch it or you won't be in the national football league for very long. >> ten dropped balls. it seemed like every time the skins knocked on the door, they let it slip through their fingers. >> a lot of people will point to the elements because the ball was wet as to why we couldn't be successful but as men, as players we have to leave those excuses out of it >> they continue to strug. ben was moving well. he sledded
comes the 0-2 pitc pitch. 3-nothing deficit for the tigers when they line up tomorrow night behind max scherzer against matt cain. scherzer and cain two right-handers in game four tomorrow night. only happened once, that was in 2004. history of the post season. baseball in the alcs. red sox beating the yankees. here comes a 1-2 pitch. two-out, nobody on. struck him out. sending to us the bottom of the ninth. the bottom of the order coming up. peralta, avila, infante. trying to get something going. down by two. in game three. e okay. i'm calling the studio, matthew. you're not shooting today. he bought it. ♪ [ dance ] ♪ oh, yeah life is packed with things you have to do, but sometimes you've gotta live a little. [ screaming ] ♪ oh, yeah - [ children shouting ] - [ growling ] ♪ [ singing in chinese ] look, i don't know what to tell you. ♪ [ singing in chinese ] he's sick. actors get sick sometimes. life moves pretty fast. if you don't stop and look around once in a while, you could miss it. [ announcer ] get going in the all-new cr-v. from honda. two. three. my credit card rewa
of the circumstances on the ground. the message from the imf from example is that if you go too fast with deficit reduction, you may make the economy even worse adn so worse than the situation you are trying to cure. the argument is by enforcing strict rules, you make the patients iller. that message will come across loud and clear. the five people met 24 hours ago and made the same case. he agreed with them. when they meet chancellor angela merkel, it will not be an open door. i am sure it will be very polite and a lot of listening. there is no sign of much movement from the german government. >> i do not suppose it helped angela merkel when we look at the employment figures coming out today. not comfortable. >> no, because the argument becomes very, very real if your own economy is slowing down. the figures from germany showed the rate of unemployment remaining the same but the actual number going up a little bit. the movement is in the wrong direction. maybe the economy needs a bit of stimulus. >> thanks very much. a former serbian army chief is appealing his conviction of crimes against human
hurting tody in this country. and we face this deficit -- could crush the future generations. and republicans and democrats both love amaerica but we need to have leadership -- leadership in washington that will actually bring people together and get the job done and could not care less if it's a republican or a democrat. i've done it before, i'll do it again. i'm mitt romney, and i approve this message. >> hurricanes in the becoming an unwanted october surprise but before the election. n unwantedne sandy a surprise. there above supposed to campaign virginia but that shifted plans. bromley will be in wisconsin. they both say they will refrain out emails it during the storm. clacks out west in hawaii, alert.are on high earlier today, a tsunami warning issued and lifted after a earthquake off the canada.coast of the 7.7 magnitude earthquake triggered 8 foot waves in anncr: seven-hundred-thousand jobs. that's what the plan george allen supports... would cost our economy. newspapers called it "economically destructive." like allen's votes to give tax breaks to companies... that s
; building on our manufacturing boom; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message. >>> okay, you've got your candy, you've got your haunted houses. but halloween is all about creative costumes, isn't it? here are a few of the pictures that have come into us. you've got super mario there from mario brothers. some of the employees there. there's a young fan with robert griffin, iii. grif[ minto ] you know, those ads saying mitt romney would ban all abortions and contraception seemed a bit extreme. so i looked into it. turns out, romney doesn't oppose contraception at all. in fact, he thinks abortion should be an option in cases of rape, inces
focused on obamacare, which killed jobs. he said he was going to cut the federal deficit in half, and then he doubled it. he said he was going to lower the unemployment rate down to 5.2% right now. today we learned that it's actually 7.9%, and that's nine million jobs short of what he promised. >> mr. romney's campaign is snapping at the heels of the incumbent president. his campaign organizers say they can and will win, but they can win only if they take the vital swing states of florida, virginia and ohio. anything less than the prospects receive for them. >> this race is very, very close. it may confound pollsters and pundits alike. it's not clear how or if hurricane sandy will affect the results, but i think we can venture this far -- president obama appears to be holding on to a very narrow lead. adam brooks, bbc news, washington. >> bold predictions in a tight race. as adam just reported, no state is more hotly contested than ohio. laura is in cleveland for us tonight at a cleveland market for us tonight, laura. i imagine you've been chatting to shoppers today. what have th
-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message.
? would you want a full you are more years with trillion dollar deficits every year? >> both campaigns are playing the confidence game. both sounded upbeat about their candidate's chances and who can blame them when the polls are so close. behind the scenes, they must be very nervous. bbc news, washington. " there's good news for burma. the world bank has proposed development grants of $80 million and will provide another $160 million of credit once the country has cleared its existing debt. it's helping with the asian development bank and international monetary fund. this is after a year of political reform. we are joined by our bbc editor for the burmese service. >> the money is going to be used primarily to provide financial governance to the government and, also, to create conditions for growth and jobs. that's where the money is going to be spent. this is a tremendous boost to the burmese government, because in the last 20 decades there were western sanctions and it had not received any assistance financially from institutions such as the world bank and the asian development bank.
; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message. >>> tonight, a reminder of how you can help the millions of people who have been hurt by hurricane sandy. here's some of the highlights along with the number you can call or text. >> have a good weekend. ♪ make a a land to hold in ♪ all around the world ♪ as a matter of fact ♪ there's only one place left ♪ but we're going to stay strong, keep growing ♪ ♪ that's the way that we win ♪ i see the lights, i don't know ♪ ♪ saw the ruins at my feet ♪ you are beautiful no matter what they say ♪ ♪ the waters can't bring you down no more ♪ ♪ >> announcer: it's "the tonight show
're seeing it for the first time on this program. ♪ >> today, i'm pledging to cut the deficit we inherited by half by the end of my first term in office. >> i will be held accountable. if i don't have it done in three years, there's going to be a one term proposition. >> in response to a video -- >> very incentive video. >> this video -- >> crude and disgusting video. >> the video -- ♪ john: what's this going to do? >> we're hoping it goes viral as the first one did, and the message is simple is this president has been blowing smoke for the last four years, and it's time for him to go. john: thank you, mark block. next, what about propaganda from ppesident obama? he said he would create and reduce the deaf silt. i'm ticked off about what he said versus what he does, but the next guest defends our president. we'll fight next. ♪ [appuse] john: political propaganda. some times of political ads, but more often the candidates themselves. propaganda. then make promises they don't keep us eight things they don't need. suck up to special interest groups. president obama does tha look at this c
is racist, and unemployment through the roof and record deficits and record debt and 17 million americans more on food stamps. he broke his promises about cutting the debt and deficit in half in his first term. >> there are those who believe since the reconstruction, there has always been a backlash to progress that had a racial hue to it. this is another example i. you know what -- [overlapping dialogue] >> you are saying, if you vote against obama -- >> i didn't say that. i am saying amongst those who are criticizing the president, resisting the president and who are making -- >> my criticism is because he has failed -- [overlapping dialogue] >> blank statement for everyone. shucking and jiving, buddy. i got news for you -- >> hang on. >> trumpet -- >> get me the decoder ring for chris matthews. >> there is a racial divide in the economy -- there is a racial divide -- >> what -- >> racial divide matters. >> isn't it -- wait a minute. but there is real racism. when you say -- it's the word chicago and get accused of being racist, those are the -- does it hurt in terms of combatting real
and warned. >> now, deficit. big issue for a lot of voters this election season. we know that governor romney has said in the third debate that u.s. is on track to follow greece, that america is the next greece. is this just really hot rhetoric or is it likely? >> it was a wonderful little sound bite, wasn't it? if obama gets elected, u.s. is the next greece. it's just hyperbole the differences between the u.s. and greece are so enormous that it doesn't really bear really fair comparison. not only because the u.s. has got the dollar, which is the world's largest reserve currency and largest market and growing at 2% and employment at 7.8%. all these issues. what the governor is talking about, of course, is debt and deficits. and the very high level of u.s. debt, which at some point is going to have to be addressed. whoever gets elected to the white house, whichever party takes the house and the senate, they are going to have to deal with the debt crisis. >> now, also got a chance to ask richard about his stateside train trip through the u.s. talked to voters from chicago through iowa and utah
. >> to want to talk about the nation's deficit, the fiscal cliff, debt. given national debt of $16 trillion. we are facing difficult with. all that has, left as has what do we do about it? there has been more talk about could the two parties do a grand bargain? something like you might see with the simpson bowles commission theory where it is a policy that says it will have $3 a dose spending cuts for every $1 in tax revenue increases. we are going to cut tax rates and eliminate possible deductions. cut entitlements. it will be pain involved but it will work money off the debt. could you support that? >> of my own plans on the table. i want to be able to put in the same thing i did when i was governor. a proposal that said every state agency had to take a 5% reduction and then redesign the department terry apple to the same thing to the federal government. -- and then redesign their departments. iw an want to do the same thingo the federal government. if you give secretaries the power to reduce their budget or take 5% and say reorganize their budget, it would be surprised. a much better sti
any group that opposed him. he promised he would cut the deficit in half. instead he doubled it. i know he says he wants to do something to help the budget. but i learned in order to balance a budget, it starts -- it helps to have actually had a budget. to start with a budget. and -- [cheering] >> you can't balance a budget unless you start with one, and he actually put out a proposal this last year for the house and the senate to look at. there are 535 members of the house and senate combined. do you know how many people voted for his budget? zero. no one voted for his budget. paul ryan and i are going to get america on track to have a balanced budget. he took on -- during his campaign, another big promise. he said he would save medicare. he would pre serve and it protect it and save it from pending insolvency. in stead he cut medicare by $716 billion. he said he was going to have unemployment today down to 5.4%. we're nine million jobs short of that and he has no plan to get this economy going again to put americans to work. you notice there's some numbers he doesn't speak about.
the deficit in half. i know he says he wants to do something that helps with the budget, but to balance the budget it starts -- it helps to have actually had a budgets. >> from florida to new evening land, the nation watches as hurricane sandy prepares to bear down and slam into the atlantic coast. in florida they are not expecting to be too badly hit. he was asked to postpone all events. [no audio]. >> that's too bad. i was saying how well it was working while he was on the campaign bus. apologize for that technical glitch. we have team coverage of both campaigns coming up a little later on this hour. a live report from our chief white house correspondent ed henry traveling with president obama's campaign in the battleground state of new hampshire. that's coming up. >>> speaking of the weather, this is a fox extreme weather alert. hurricane sandy's path is looking more ominous by the hour as it barrels up the eastern seaboard. the monster storm is already battering the mid-atlantic states with punishing wind and rain. sandy is expected to collide with antarctic air blast as it reaches
that maybe is rejecting failed policies s racist and unmany ployment through the roof and record deficits and record debt and 17 million more americans on food stamps and he broke his promises about cutting the debt in half, the deficit in half in the first term? >> there are those who believe that since the reconstruction in this country there has been a backlash to progress that had a racial hue to it and this is another example. >> sean: you are saying that if you vote against obama because you think he fail as president. >> i'm saying amongst those criticizing the president and resisting the president and who are making. >> sean: my criticism is because he failed. >> let me make -- it is your shucking and jiving buddy, i got news for you. >> trumpet call. >> get me decoder ring, chris matthews. this is ridiculous. talk about the economy and benghazi. >> it is a racial divide. >> racial divide matters. >> racial divide matters. >> sean: there is real race iism when you say the word chicago and get accused of being racist, does it hurt in terms of combating real racial -- >> yes, it doe
to tax cuts and would say actually deficits don't matter right now. let's make growth a priority. and because it was a republican president that, therefore, you would have the congress much more willing to go along. wall street at this moment would see that as a positive scenario, stimulus by stealth. >> what i worry about is that neither candidate if they win is going to get to execute their vision, that they're going to be having -- like you marry someone but there are a lot of unruly relatives you never quite realized were there. coming out of the woodwork. and i worry -- i actually think both men acquitted themselves quite well in the debates. but the point is, they're in this larger environment, what is going to go on. i worry we're going to see muddling through instead of clear-cut tax reform, infrastructure program, clear-cut ways to improve education. >> joe, i remember a couple of years ago -- >> i do it every year. >> but a series of wonderful articles, before the midterm for "time" magazine. you talked over a lot of the midwest, middle class. and you found that the --
to do with jobs but it does. it relates to debt and deficits which and that is if you're an entrepreneur thinking of risking your live ever life savings to start a business or build a factory, if you think america is on the road to greece or italy or spain, you're less likely to invest in america. and right now we spend a trillion more than we take in. it's bad for the economy. i think it's immoral for us to pass on debt like that to our kids and i will get america on track to a balanced budget. [applause] and number five, is to be a champion of small business, help small business grow and thrive. by the way, i didn't study small business alone. i've lived small business. i know how business works and i want to use that experience and that skill to help small businesses across the country. and there are a lot of ways to do that. let me mention just a couple. one relates to our taxes. do you realize that the taxes paid by a small business in america can be as high as 35%, that's the income tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate
jobs. he said he would cut the deficit in half but it doubled. he said he would get unemployment to 5.2 percent and today it ticked up to 7.9 percent. that is 9 million jobs short 789 those are real americans. can't find work. 23 million in work can't find work or work that is up to their needs. this is a critical time. the president was a president who took office with the economy as the number one challenge and he has high are unemployment today than when he took office. think of that. the president of the united states presides over a nation under his leadership where unemployment is higher than the day he took office. he said he would save social security and medicare because they were headed to insolvency. instead, he made no effort to save either and he took $716 billion from medicare to pay for obamacare. and he said he was going do lower the cost of your health insurance by $2,500 a family by now. instead it has gone up by $3,000 a family. gasoline prices are also up by $2,000 a family. of course, he said he would work across the aisle on the most important issues america face
is not the deficit number itself. it's the ratio of the debt to the economy over all. if the economy is growing because government is the spender of last resort and encouraging investment, education, job training, infrastructure, that growth actually enables the debt to shrink as proportion of the economy over all. europe and particularly spain and britain are the worst examples. they embarked on austerity economics, what happens? they actually shrink their economy. they go into recession and their debt or deficit becomes a bigger problem as as the overall economy. >> eliot: i want to take snippets of this conversation and send it to every voter and that would be a guarantee that there would an second term for president obama. previews of uc berkeley goldman school of public policy. as always, thank you. >> thanks. >> eliot: dennis kelleher president and ceo of better markets, nonpartisan organization promoting public interestage financial reform. den, you heard robert reich who has not gotten enough attention that is important that that we need to focus on. >> the most important number to talk
is going to reduce the deficit. >> sean: really? if you know he how to do all these things why haven't you done them the past four years? is that the best you have got, mr. president? we see what your hopey changey thing brought us all. today the unemployment rate rose yet again. higher than when you took office four years ago and now stands at 7.9%. at this point in your presidency you predictd that by october of 2012 the unemployment rate would be, let's see, 5.2% at this stage. earlier, congressman paul ryan talked about the long list of obama's broken promises. there is no end to it. watch this. >>> remember when said he would cut the deficit in half? i don't even have to follow up that one, do i? what we are seeing today is that 23 million americans are struggling to find work today. what we see today s that 15% of our fellow country men and women are living in poverty. this is the highest poverty rate in a generation. the economy is growing at less than half the rate the president said it would be growing at if only he could borrow a bunch of money and spend it on his cronies in the
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